MNPEA supports Bill to increase retirement multiplier

There’s a Bill HF4081 and SF4092 “Increasing the multiplier used to calculate the annuity amount; increasing employee and employer contribution rates.” This is for the the PERA Correctional Plan.
The current multiplier for high 5 is 1.9%, if passed it would increase it to 2.2% going forward. (Not already retired).

MNPEA supports this Bill!


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